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Category Archives: news analysis
New Vehicle Sales in Europe Fall Again in April and Year-to-Date
European sales results are of concern for U.S. taxpayers because they can undermine the results at General Motors and Chrysler, which is controlled by Fiat. Both Opel and Fiat are struggling in Europe. Even at Ford Motor results are negatively affected by Europe, which remains a drag on earnings. Continue reading
Posted in auto news, news analysis, results, sales
Tagged acea, april results, auto informed, auto news, autoinformed, autoinformed.com, automotive news, eu sales, european sales, european union sales, Ken Zino, results
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Porsche Sales Double in April Led by Cayenne SUV
In terms of total vehicle sales Porsche now looks like a traditional automaker rather than a sports car specialty house. Continue reading
Posted in auto news, news analysis, results, sales
Tagged 911, april sales, auto informed, auto news, autoinformed, autoinformed.com, automotive news, Ken Zino, Panamera, porsche cayenne, porsche sales, results
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Nissan Posts Profit of ¥537.5 Billion for Japanese Fiscal Year
The Nissan financial results also surpassed those of Japan’s largest automaker, the Toyota Motor Corporation, which reported sales of 7.308 million cars and trucks and a profit of $6 billion yesterday. Continue reading
Toyota Posts Fiscal Year Profit of $5 Billion, but Q4 Dives
Toyota Motor Corporation (TMC) today announced that net revenues for the fiscal year ended 31 March 31 2011 were 18.993 trillion yen, an increase of 0.2% compared to the previous fiscal year as Japan’s largest automaker continues to struggle to return to pre-2008 levels of return. TMC operating income increased from 147.5 billion yen to 468.2 billion yen, while net income increased from 209.4 billion yen to 408.1 billion yen, or $5.1 billion. Continue reading
CAR on U.S. Economy Impact of GM’s Plant Investments
In an analysis of General Motors’ newly announced plant investments, the Center for Automotive Research (CAR) today said that more than 28,000 jobs will be retained or created, and will contribute almost $2.9 billion to the U.S. Gross Domestic Product. Continue reading
Posted in auto news, economy, labor issues, manufacturing, news analysis, results
Tagged auto bailouts, auto informed, auto news, autoinformed, autoinformed.com, automotive news, car, center for automotive research, chrysler, GM, gm bankruptcy, gm employment, Ken Zino, manufacturing jobs, unemployment
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GM to Invest $2 Billion in U.S. Plants, Depending on Tax Breaks
Critics, of course, say the cost per job – when you total all the loans and tax breaks – is exorbitant, especially since what is mostly going on these days is the retention of existing jobs long after jobs move South to non-union transplants. Continue reading
Ex General Motors Chairman Bob Stempel Dead at 77
Stempel was an engineer by training with an analytical, easy going disposition who was accessible to the media. On many occasions I listened as he patiently explained complex manufacturing and development processes that he was instituting first as president of GM during the late 1980s, then as chairman. All to little apparent good effect, and far too slow in producing results for the Board of Directors. Continue reading
Posted in auto news, news analysis, people
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chevrolet volt, ev1, general motors, gm bankruptcy, impact, Ken Zino, lloyd reuss, robert stempel
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Motorists Want More Laws, Enforcement on Highway Safety
“Despite shrinking federal and state transportation budgets and a public debate over the most appropriate role of government, it’s clear that a majority of Americans want government officials to do more – not less – about highway safety,” claimed AAA President and CEO Bob Darbelnet. Continue reading
Pork Update – USDA and DOE Award $47 Million in Taxpayer Dollars for Biomass Research to Special Interests
U.S. Agriculture Secretary Tom Vilsack and U.S. Energy Secretary Steven Chu have announced that $47 million in taxpayer dollars will be diverted to fund eight research and development projects to support the production of biofuels, bioenergy and biobased products from … Continue reading
Buick Sales in China Surpass 3 Million
Shanghai GM builds, imports and sells Buick, Cadillac and Chevrolet products in China, the worlds’ largest auto market. In 2010, Shanghai GM became China’s first automaker to sell 1 million vehicles in a single year. Continue reading
Posted in auto news, economy, marketing, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, buick china, china, communist china, general motors china, gm china, Ken Zino, zino
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General Motors Posts 2011 Q1 Profit of $3.2 Billion. Results Almost Doubled by One Time Sales of Ally and Delphi Preferred
The General Motors results were not as strong as they appear on first glance because special items increased profits by $1.5 billion or $0.82 per fully-diluted share. GM stock is currently selling at under $32 a share, below the initial IPO price of $33 last November. Continue reading
Honda Expands Airbag Recall to 833,000 Honda, Acura Models
All automakers typically try to limit the number of vehicles covered in recalls or service actions to cut down on expenses and limit damage to their reputations. However, as investigations proceed the population of affected vehicles sometimes expands due to uncertainties around the root cause or inability to identify exactly how many parts are affected. Continue reading
Korean U.S. April Sales Surge as Japanese Automakers Lag
However, while rising gasoline prices might be good in the short term for automakers with fuel efficient lineups, historically they ultimately hurt auto sales and the overall economy after about six months as consumers look for other ways to save the money that is being siphoned off at the pump. Continue reading
2012 Honda CRV Delayed at Least One Month in U.S. New 2012 Civic Scarce Through September. Both Were Best Sellers
Two of the immediate Honda causalities are the all new 2012 Civic and CRV – both among the best selling vehicles in the United States. Continue reading
Posted in economy, manufacturing, news analysis, transportation
Tagged auto informed, auto news, auto production, autoinformed, autoinformed.com, automotive news, honda civic, honda crv, honda production, honda production interruptions, japan auto production interruptions, japan earthquake, Ken Zino
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